Hi
We are fast outgrowing our 2-bed terrace and baby ThomserveBAS will need her own bedroom (which is currently my office/server room) so we are on the prowl for a new house.
We had a viewing of a new build on Saturday which is on a development which is part of the Help to Buy Equity Loan scheme. We already had a mortgage in principle with Freelancer Financials but that was for a non-new build on the Help to Buy Mortgage Guarantee scheme so wouldn't cover the new build. I contacted my mortgage broker this evening and he left a message which mentioned a 20% deposit for new builds which has disturbed me a bit because from what I can see - Help to Buy Equity works out as 5% customer deposit, 20% government loan and 75% mortgage so not sure which 20% he was on about.
Anyway, having spoken to a few brokers today, it seems that Halifax are the only provider who are both contractor friendly and offering the Help to Buy schemes so it crossed my mind to try going direct with them and wondered if anybody had any experience (especially in the Help to Buy Equity arena).
I know the developer offers the scheme, I know Halifax offers the scheme, I know Halifax are "contractor friendly" but the bit I'm missing is a broker to tie it all together or some advice on whether it's worth me turning up at my appointment with Halifax on Saturday and go direct with them.
We are fast outgrowing our 2-bed terrace and baby ThomserveBAS will need her own bedroom (which is currently my office/server room) so we are on the prowl for a new house.
We had a viewing of a new build on Saturday which is on a development which is part of the Help to Buy Equity Loan scheme. We already had a mortgage in principle with Freelancer Financials but that was for a non-new build on the Help to Buy Mortgage Guarantee scheme so wouldn't cover the new build. I contacted my mortgage broker this evening and he left a message which mentioned a 20% deposit for new builds which has disturbed me a bit because from what I can see - Help to Buy Equity works out as 5% customer deposit, 20% government loan and 75% mortgage so not sure which 20% he was on about.
Anyway, having spoken to a few brokers today, it seems that Halifax are the only provider who are both contractor friendly and offering the Help to Buy schemes so it crossed my mind to try going direct with them and wondered if anybody had any experience (especially in the Help to Buy Equity arena).
I know the developer offers the scheme, I know Halifax offers the scheme, I know Halifax are "contractor friendly" but the bit I'm missing is a broker to tie it all together or some advice on whether it's worth me turning up at my appointment with Halifax on Saturday and go direct with them.
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